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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2019
SECURITIES [Abstract]  
Amortized Cost and Fair Value of Securities
The amortized cost and fair value of securities at period-end were as follows (dollars in thousands):

  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
June 30, 2019
            
Available for Sale
            
U.S. Treasury and federal agency securities
 
$
92,516
  
$
56
  
$
(269
)
 
$
92,303
 
U.S. Agency MBS and CMOs
  
34,404
   
542
   
(17
)
  
34,929
 
Tax-exempt state and municipal bonds
  
45,848
   
1,069
   
(9
)
  
46,908
 
Taxable state and municipal bonds
  
43,231
   
351
   
(61
)
  
43,521
 
Corporate bonds and other debt securities
  
5,128
   
47
   
(11
)
  
5,164
 

 
$
221,127
  
$
2,065
  
$
(367
)
 
$
222,825
 
Held to Maturity
                
Tax-exempt state and municipal bonds
 
$
79,054
  
$
2,877
  
$
(31
)
 
$
81,900
 

  
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
  
Fair
Value
 
December 31, 2018
            
Available for Sale
            
U.S. Treasury and federal agency securities
 
$
97,102
  
$
6
  
$
(1,710
)
 
$
95,398
 
U.S. Agency MBS and CMOs
  
33,287
   
97
   
(494
)
  
32,890
 
Tax-exempt state and municipal bonds
  
45,212
   
246
   
(331
)
  
45,127
 
Taxable state and municipal bonds
  
46,565
   
59
   
(690
)
  
45,934
 
Corporate bonds and other debt securities
  
7,703
   
2
   
(68
)
  
7,637
 

 
$
229,869
  
$
410
  
$
(3,293
)
 
$
226,986
 
Held to Maturity
                
Tax-exempt state and municipal bonds
 
$
70,334
  
$
1,488
  
$
(317
)
 
$
71,505
 
Contractual Maturities of Debt Securities
Contractual maturities of debt securities at June 30, 2019 were as follows (dollars in thousands):


 
Held–to-Maturity Securities
  
Available-for-Sale Securities
 

 
Amortized
Cost
  
Fair
Value
  
Amortized
Cost
  
Fair
Value
 
Due in one year or less
 
$
16,122
  
$
16,164
  
$
26,113
  
$
26,085
 
Due from one to five years
  
30,532
   
31,309
   
120,665
   
121,061
 
Due from five to ten years
  
12,760
   
13,407
   
40,636
   
41,464
 
Due after ten years
  
19,640
   
21,020
   
33,713
   
34,215
 

 
$
79,054
  
$
81,900
  
$
221,127
  
$
222,825
 
Securities in Continuous Unrealized Loss Position
Securities with unrealized losses at June 30, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows (dollars in thousands):

  
Less than 12 Months
  
12 Months or More
  
Total
 
June 30, 2019
 
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
 
Available for Sale
                  
U.S. Treasury and federal agency securities
 
$
5,990
  
$
(9
)
 
$
52,205
  
$
(260
)
 
$
58,195
  
$
(269
)
U.S. Agency MBS and CMOs
  
19
   
   
3,066
   
(17
)
  
3,085
   
(17
)
Tax-exempt state and municipal bonds
  
759
   
(2
)
  
2,015
   
(7
)
  
2,774
   
(9
)
Taxable state and municipal bonds
  
   
   
17,162
   
(61
)
  
17,162
   
(61
)
Corporate bonds and other debt securities
  
   
   
1,606
   
(11
)
  
1,606
   
(11
)
Total
 
$
6,768
  
$
(11
)
 
$
76,054
  
$
(356
)
 
$
82,822
  
$
(367
)

                        
Held to Maturity
                        
Tax-exempt state and municipal bonds
 
$
3,169
  
$
(31
)
 
$
  
$
  
$
3,169
  
$
(31
)

  
Less than 12 Months
  
12 Months or More
  
Total
 
December 31, 2018
 
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
  
Fair
Value
  
Unrealized
Loss
 
Available for Sale
                  
U.S. Treasury and federal agency securities
 
$
1,974
  
$
(26
)
 
$
82,895
  
$
(1,622
)
 
$
84,869
  
$
(1,648
)
U.S. Agency MBS and CMOs
  
1,728
   
(13
)
  
18,712
   
(481
)
  
20,440
   
(494
)
Tax-exempt state and municipal bonds
  
8,987
   
(69
)
  
10,785
   
(262
)
  
19,772
   
(331
)
Taxable state and municipal bonds
  
4,035
   
(19
)
  
37,021
   
(671
)
  
41,056
   
(690
)
Corporate bonds and other debt securities
  
2,698
   
(12
)
  
8,170
   
(118
)
  
10,868
   
(130
)
Total temporarily impaired
 
$
19,422
  
$
(139
)
 
$
157,583
  
$
(3,154
)
 
$
177,005
  
$
(3,293
)

                        
Held to Maturity
                        
Tax-exempt state and municipal bonds
 
$
8,533
  
$
(76
)
 
$
4,683
  
$
(241
)
 
$
13,216
  
$
(317
)